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Latest Practice Compliance News

US Congress to tackle anticorruption legislation, including bill to outlaw foreign bribe solicitation

US Congress to tackle anticorruption legislation, including bill to outlaw foreign bribe solicitation

The following Corporate Crime news provides comprehensive and up to date legal information on US Congress to tackle anticorruption legislation, including bill to outlaw foreign bribe solicitation

OFAC settlement extends sanctions reach beyond US dollar

OFAC settlement extends sanctions reach beyond US dollar

The following Corporate Crime news provides comprehensive and up to date legal information on OFAC settlement extends sanctions reach beyond US dollar

Practice Compliance weekly highlights—16 September 2021

Practice Compliance weekly highlights—16 September 2021

The following Practice Compliance news provides comprehensive and up to date legal information on Practice Compliance weekly highlights—16 September 2021

EU to propose ban on forced labour-linked products, Von der Leyen says

EU to propose ban on forced labour-linked products, Von der Leyen says

The following Commercial news provides comprehensive and up to date legal information on EU to propose ban on forced labour-linked products, Von der Leyen says

Featured Practice Compliance content

What is a solicitor's undertaking?

What is a solicitor's undertaking?

What is a solicitor's undertaking?An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the...

SRA Code of Conduct for individuals and firms

SRA Code of Conduct for individuals and firms

SRA Code of Conduct for individuals and firmsThis Practice Note provides guidance on the SRA Codes of Conduct, contained in the SRA Standards and...

Conflicts of interest 2019

Conflicts of interest 2019

Conflicts of interest 2019Conflicts of interest can cause difficult and serious problems for solicitors and law firms, both from a compliance point of...

Legal Services Board

Legal Services Board

Legal Services BoardThe Legal Services Board (LSB) is the single independent oversight regulator of the legal profession and sector in England and...

Practice notes

AML and counter-terrorist financing—source of funds and source of wealth

AML and counter-terrorist financing—source of funds and source of wealthSource of funds and wealth was a key focus of the SRA’s Preventing Money...
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19th May
tag iconIn-house
Practice notes

The Information Commissioner’s Office (ICO)

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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19th May
Practice notes

Compliance officer for legal practice—COLP—title and duties 2011 [Archived]

Compliance officer for legal practice—COLP—title and duties 2011 [Archived]The compliance officer for legal practice (COLP) sits at the heart of the...
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19th May
Practice notes

Brexit—exiting the EU under Article 50 [Archived]

Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...
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Produced in partnership with Adam Cygan of University of Leicester 19th May
tag iconBrexit
Practice notes

SRA Accounts Rules 2019

SRA Accounts Rules 2019This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019,...
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19th May
Precedents

Modern slavery: contract clauses

1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
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19th May
tag iconIn-house
Practice notes

High-risk third countries tracker

High-risk third countries trackerOrganisations caught by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)...
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19th May
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Practice notes

Active bribery, passive bribery and bribing foreign public officials

Active bribery, passive bribery and bribing foreign public officialsThe purpose of this Practice Note is to provide a general understanding of the...
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Produced in partnership with Joanne Kane of Carmelite Chambers 19th May
Precedents

Standard contractual clauses for international transfers—set II—controller to controller—ICO templates

In briefThis precedent links to: •a template created by the UK Information Commissioner’s Office (ICO) of the ‘Set II’ or ‘2004’ EU Standard...
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19th May
Practice notes

Introduction to retained EU law

Introduction to retained EU lawThis Practice Note provides an introduction to retained EU law. It provides an overview of the key definitions and...
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Produced in partnership with Dr. Kieran Laird of Gowling WLG 19th May
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Practice notes

Safeguards and information barriers

Safeguards and information barriersProtection of confidential information is fundamental to your relationship with clients, both as a matter of law...
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19th May
Practice notes

Undertakings and the SRA 2019

Undertakings and the SRA 2019What is an undertaking?An undertaking is:•a statement, given orally or in writing, whether or not it includes the word...
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19th May
Practice notes

Duties of confidentiality and disclosure 2019

Duties of confidentiality and disclosure 2019The protection of confidential information is a fundamental feature of the solicitor-client relationship...
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19th May
Precedents

Financial sanctions policy

1IntroductionThis financial sanctions policy is designed to ensure we comply with applicable financial sanctions laws made under the UK sanctions...
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19th May
Practice notes

SRA Handbook 2011 [Archived]

SRA Handbook 2011 [Archived]The SRA Handbook 2011 sets out standards and requirements that individual lawyers and firms are expected to achieve and...
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19th May
Practice notes

Working with European lawyers—the Registered European Lawyer (REL) regime

Working with European lawyers—the Registered European Lawyer (REL) regimeAt 11 pm (GMT) on 31 December 2020, the Brexit transition/implementation...
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19th May
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Most recent AML & counter-terrorist financing content

Q&As

My client’s purchase price is being paid by his father. The seller’s solicitor has asked for a bank statement to evidence that the purchase price money is available. How long should I retain this document?

My client’s purchase price is being paid by his father. The seller’s solicitor has asked for a bank statement to evidence that the purchase price...
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16th Aug
Precedents

CDD matter risk assessment form—law firms

CDD matter risk assessment form—law firmsInstructions for completionWhen do you have to complete this form?You must complete this form for all new...
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15th Aug
Precedents

Source of funds/wealth investigation record

Source of funds/wealth investigation record1Introduction and instructions1.1We must establish the source of funds involved in a transaction in...
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15th Aug
Precedents

Mini training aid—AML—the law and red flags—post-training assessment answers—law firms

Mini training aid—AML—the law and red flags—post-training assessment answers—law firmsQuestionAnswers1. What is money laundering?(a) The process...
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15th Aug
Precedents

Memo to board accompanying AML and counter-terrorist financing policy

Memo to board accompanying AML and counter-terrorist financing policyDate: [insert date]IntroductionIn the UK the law on money laundering and...
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15th Aug
Precedents

Guide to beneficial ownership for law firm staff

Guide to beneficial ownership for law firm staff1Introduction to this guide1.1[Insert firm name] is required by the Money Laundering Regulations 2017,...
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15th Aug
Precedents

Money Laundering Regulations 2017—third party reliance arrangement

Money Laundering Regulations 2017—third party reliance arrangementFor private individuals, complete section: 1.For corporate entities, complete...
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15th Aug
Precedents

Writing a quality Suspicious Activity Report—checklist for reporters

Writing a quality Suspicious Activity Report—checklist for reporters1Disclosure report details (NCA preferred forms)RequirementComment/Action required...
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15th Aug
Precedents

Money Laundering Regulations 2017—nominated officer—annual AML and counter terrorist financing report to the board, senior management team or other—law firms

Money Laundering Regulations 2017—nominated officer—annual AML and counter terrorist financing report to the board, senior management team or...
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15th Aug
Precedents

Register of AML and CTF policies, plans and procedures

Register of AML and CTF policies, plans and proceduresThis Precedent Register of AML and CTF policies, plans and procedures can be used to help you...
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15th Aug
Precedents

AML and counter-terrorist financing training materials—post-training ‘red flag’ identification exercise answers

AML and counter-terrorist financing training materials—post-training ‘red flag’ identification exercise answersScenario A: Politically exposed...
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15th Aug
Precedents

AML training record

AML training recordPlease click for an Excel version of this register.GeneralInsert course name/description and reason for training.Course...
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15th Aug
Precedents

Internal suspicious activity report—SAR—form

Internal suspicious activity report—SAR—formThis internal suspicious activity report (SAR) form is intended to make the process of submitting SARs to...
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15th Aug
Precedents

Mini training aid—AML—reporting suspicions—post-training assessment questions—law firms

Mini training aid—AML—reporting suspicions—post-training assessment questions—law firmsHow to use this testThese questions are designed to test your...
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15th Aug
Precedents

Money laundering and terrorist financing firm-wide risk assessment—law firms

Money laundering and terrorist financing firm-wide risk assessment—law firmsThis Precedent reflects draft Legal Sector Affinity Group (LSAG) AML...
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15th Aug
Precedents

Internal suspicious activity report—investigation record

Internal suspicious activity report—investigation record1General detailsInternal SAR reference number[Insert internal SAR reference...
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15th Aug
Precedents

AML and terrorist financing training materials—post-training assessment questions—law firms

AML and terrorist financing training materials—post-training assessment questions—law firmsHow to use this testThese questions are designed to test...
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15th Aug
Precedents

Client due diligence matrix

Client due diligence matrix1IntroductionEvidence of identity can be obtained in a number of forms and come from a number of sources. Whatever evidence...
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15th Aug
Precedents

Mini training aid—AML—CDD—post-training assessment questions—law firms

Mini training aid—AML—CDD—post-training assessment questions—law firmsHow to use this testThese questions are designed to test your understanding...
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15th Aug
Precedents

Mini training aid—AML—reporting suspicions—law firms

Mini training aid—AML—reporting suspicions—law firmsThe training materials are customisable.This training pack has been prepared in PowerPoint and...
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15th Aug

Popular documents

Medco

Medco

MedcoSTOP PRESS: A new RTA small claims protocol for whiplash claims comes into effect for accidents occurring on or after 31 May 2021. The small claims track limit for personal injury claims arising from an RTA is increased to £5000 in respect of general damages for pain, suffering and loss of

Reversionary lease by reference

Reversionary lease by reference

 LR1. Date of the lease[date]LR2. Title Number(s)LR2.1 Landlord's title number(s)[title numbers out of which this Lease is granted. Leave blank if not registered]LR2.2 Other title numbers[existing title number(s) against which entries of matters referred to in LR9, LR10, LR11 and LR13 are to be

Mediation—advantages and disadvantages

Mediation—advantages and disadvantages

Mediation—advantages and disadvantagesWhat is mediation?Mediation is one of the most recognised and common forms of alternative dispute resolution (ADR).It is a form of assisted ADR in the sense that there is a third-party neutral involved who meets with the parties and seeks to help them in

Arbitration agreements—definition, purpose and interpretation

Arbitration agreements—definition, purpose and interpretation

Arbitration agreements—definition, purpose and interpretationThis Practice Note considers the nature and scope of arbitration agreements with a particular focus on arbitration agreements pursuant to the law of England and Wales, although it also discusses the concept from an international